money

Oct 8 2019

XCARD Crypto Currency Wallet and What Makes It Worthy of Your Choice

Crypto currency is the new means people are currently adapting in the online market. Still, there are many issues that need to be dealt with regarding this currency. It is yet to be perfect and demands solutions. Thus, XCARD comes as an option for the choice. It is considered to be all in one wallet and convenient crypto credit card as you can find out in https://twitter.com/xcardbymobilum. There are several major problems that it aims to solve and can eventually take care of. So, why wouldn’t it be the number one for your choice then?

Those problems are not easy kind to begin with. Being able to deal with them is quite a feat to get from one crypto wallet. Well, of course, there are actually some clear reasons why you should pick this. It is better to look for the best like this in the first place rather than just using whatever crypto wallet you can find. You can then be sure of the result yourself. So, let’s have this very crypto wallet discussed in this opportunity. Then, you decide whether or not it is up to your choice. Let’s see here.

What to Know of XCARD Crypto Wallet

Before we talk about the reasons to choose this XCARD, let’s spare a little time to talk more about the reason behind the making of this crypto wallet first than anything. You can tell how much it is worth choosing because of its capability. Of course, this crypto wallet is presented after it is made sure to be able to solve the problems. If you think of it carefully, the solutions it offers can make the reasons to choose it. You can see how the crypto wallet deals with them and works perfectly for you. It has the best offer don’t you think?

What can you ask more then? It is the kind of crypto wallets that is different than any others after all. Crypto currency might have been a great way to both receive and send money. However, things have not been easy for people to actually pay with it. That’s where this crypto wallet comes in. What use of having lots of cryptos without having the opportunities to spend them then? Unfortunately, it is not even the only problem these days. You actually have to deal with long statement intervals too when it isn’t supposed to be like that.

You shouldn’t take the risk to affect crypto currency economy negatively. Also, people are worried about high volatility and exchange rate risk. Not to mention, they have to deal with the risk of fund freezing too. Even high inflation in FIAT currencies is quite a worry as well. These problems affect everything involved greatly and pointing them out to solve alone is good enough already. XCARD crypto wallet sure is aware of what’s most important to concern about. You can expect no less from this number one crypto wallet to pick.

Why Pick XCARD Crypto Digital Wallet

Now that you have known the reasons behind the making of this digital wallet, it is the time for us to learn about the reasons why we need to choose this XCARD here. There are many of them actually, but let’s just focus on the most important ones. They should give us enough insight about this crypto wallet here. With it being the number one crypto wallet, don’t you think it is worth knowing? It should have strong reasons to offer. Now, let’s just get down to it in this very opportunity below, so you get clear idea about XCARD here.

Safe and Instant Use of Crypto

First than anything, we can’t argue that the safe use of crypto currency and even FIAT asset is that of big concern in the network. Despite being reliable, network environment is prone to some dangers too. Since crypto and other currency of the kind acts as your money in the online world, it will be all the more reason for you to pay extra attention to it. Fortunately, XCARD wallet works as good as what people would expect from it. Its credit card by VISA allows for such use of the currencies for us. It is that promising of digital wallet to use.

If it is with XCARD, you can expect super safe use even. Not to mention, you will get to spend your crypto and assets instantly. You can do the spending at POS, of course. However, it wouldn’t be impossible to be used in e-commerce too. You may even expect the same for cash withdrawals in ATM as well. In response to the problem, XCARD has this solution to offer. It is sure to open more opportunities to pay with crypto for variety of transaction. You can expect no less from XCARD here.

Easy Use Without Requirement

All developed digital wallets might aim to offer secured transaction, but there are some of them that can be pretty hard to deal with, demanding requirement even in particular occasion. Fortunately, XCARD is nothing like that at all. Just by signing up to this digital wallet, the virtual card can instantly be available for new users. If you are new to this new means of transaction, you won’t have to bear with long procedure just to get virtual card to use. It is a waste of your time otherwise. We sign up because we need it quick. Isn’t that right?

Who would want to wait forever then? What’s more? This card won’t inconvenient you at all with its terms and conditions. It is not even available for use for particular currency only. After all, XCARD wallet aims for multicurrency use of global scale. There is not even requirement for doing the top up in advance. With all of them to offer, it is only right to see this crypto wallet as the easy to use kind. Considering this offer to make your choice is the best you can decide for your crypto transactions.

Simple Onboarding Process to Get

XCARD crypto wallet is also designed with the idea of allowing people to buy crypto currencies easily in mind. First things first though, rather than opening bank account, you should consider choosing XCARD onboarding process instead. Don’t be overwhelmed by how it sounds just because you are not yet familiar with it. In fact, this onboarding process is actually easier than what you might really imagine. You don’t have to go through way too many steps in the procedure that usually take a long time to finish. It can be as quick as you wish.

With easy process like this, it becomes possible for you to buy crypto as simple as buying something to drink. Not to mention, you can trade instantly once you are on board. What do you expect more from it? You get everything you can ask for here. That makes another reason to choose this crypto wallet here. Every second counts for today. It is best not to waste much time going through a long procedure to get what you need. Give XCARD a go and you can see if it is worthy of the choice here.

Transaction with the Best Efficiency

XCARD knows all too well not to waste much time. After all, it aims to make all transactions to be at their most efficient state at all times. That is why it improves its execution rate as best as possible. For that, this crypto wallet has the data and liquidity aggregated from all sorts of sources. They can be ones coming from the exchanges, the brokers, or the pools. You won’t find it limited only to some sources only for data and liquidity might come from different sources to each other. You can’t even be certain of where they might come from.

Thus, it becomes necessary to cover all the sources instead. Also, you’ve got to know that the XCARD wallet has this side chain functionality to make sure the efficiency of the transactions. Only then, you can experience what’s best in every transaction. This is what doing the best in execution can offer benefit for you. Time is precious for us. If we can do what’s best in quite short time, why wouldn’t we make the effort to do so then? With the help XCARD, everything could very well be possible here.

Compatibility to Cryptos and FIATs

There are many crypto currencies and FIATs to use in online trading. By considering that, XCARD’s compatibility shouldn’t be that bad for conversion needs. Otherwise it can’t be done at all. Thus, this crypto wallet has been made possible to have the ability to trade with more than 200 cryptos there are. With it covering that much crypto, conversing FIAT to crypto and crypto to FIAT is as easy as you can expect it to be. Not to mention, it can be done in direct and instant manner. It saves much of your time for sure. It won’t take too long.

It is possible to get everything done quickly and immediately uses the very currency to start trading. XCARD will also allow you to use any payment card when you find the need to either buy or spend crypto anywhere and anytime you want. Not to mention, you can even make the payments or do withdrawals through any available ATM worldwide. Talking about convenience, this crypto wallet is worthy of such quality to boast. You don’t need to go to the bank to take care of all things anymore.

Availability for All Later Payments

Remember that XCARD is not just digital wallet to use cryptos. It also serves as the most convenient crypto credit card. As you might have guessed, you will then be able to buy now pay later if you want. You don’t always have to pay right at the time when every purchase is made. This is the best option crypto user can choose in the time of needs. There are times where you don’t have money ready when there are particular goods available for sale. Such goods might not be sold so often that you find it quite urgent to buy it right away.

Rather than losing the product you have set your eyes on, it is best to us your XCARD credit card. You just need to take care of the payment later and you can feel relieved that the product is in your hand already. Credit card might not be that good for your financial management if you use it all the time for it is only wise to use it at rather dire time. With only little payments to make, you should be able to manage them and don’t have to worry of leaving debts for the chosen products you did purchase.

Conclusion

That’s all the reasons you need to know about this crypto wallet here. From the discussion above, you should have been able to tell how worth XCARD is to make your choice. It promises you safe and instant transaction. It is simply easy to deal with since there is no requirement to be made for its usage. With it being quick in its work, you can see how it makes all transactions as efficient as they can be. The process you need to go through isn’t as time-consuming as you did in the bank normally.

XCARD is the best when it comes to crypto exchange indeed and you might as well visit its social media at http://www.facebook.com/mobilumcom/ to learn more of it. We guarantee that you won’t regret making XCARD as your best choice. Not all digital wallets can be so reasonable to choose like this. After all, you get all the good reasons to settle with it. It is well designed and featured to be capable of solving the existing problems. With solutions to offer, you can be sure that your trading activity will run smooth and succeed you in.

Website: http://xcard.io/
White Paper: http://xcard.io/static/XCard-Whitepaper-21082019.pdf

Social Media:
https://twitter.com/xcardbymobilum
http://www.facebook.com/mobilumcom/
https://medium.com/mobilumcom

Tweets by xcardbymobilum

Posted by kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741
ETH: 0x3946bc29197BF793CB796243109b39b019c3fC00

By admin • Blockchain Technology • Tags: ATM, Best Efficiency, Credit Card, Crypto, Easy Use Without Requirement, exchange, FIAT, good, mobilum, money, online, wallet, XCARD

Sep 28 2019

Between Easy Feedback Token and Electronic Money According To Indonesian Laws

During globalization in the economic sector, there is third party effectiveness between companies and consumers. Present to provide easy feedback token, or gifts to consumers.

Easy feedback platform is a new entity in the world of the Indonesian economy, which was born in mid-2015, the presence of this feature in the world of economics is considered very appropriate and effective. Through these features, consumers can contribute to making the system of a company better. This feedback is the mediator between the two consumers and the company. The role of Easy Feedback here accommodates various complaints so that it is better targeted to the company and more effective and intimate. Communication established between consumers and producers. And give a reward called Easy Feedback Token, but the Easy Feedback feature itself uses a single container called Blockchain.

(source: merdeka.com)

Blockchain as a place to record digital transactions that use cryptocurrency, but its role is different from Bitcoin. Consumers who have provided excellent and constructive feedback for the company will get a reward. Also, it can be an exchange rate for other purposes, keep in mind this is not using the official Indonesian currency, the rupiah.

Some advantages can be obtained by consumers to get these benefits in the world of transactions on easy feedback, such as:

Get a bonus for purchasing 20-40% by using the token in the easy feedback online store, depending on the stage they (consumers) bought.
Get official legal advice on using the EFT token.
Entitled to get authentic items of a product in the transaction, but if nothing catches him. The token holder can replace it with checks.

Easy Feedback has invested $ 730,000 in capital to finance product development and commercialization. Since then, more than 200,000. Feedback messages have sent to more than 9,500 companies in 40 countries and their countries. The primary purpose of the Easy Feedback token that is now being a launch to utilize blockchain technology improve services. That has provided and expand the benefits of the tool, and it means profit both companies and customers

Bearing in mind that other countries have legal arrangements related to exchange tools or can be called electronic money generated from rewards for using this Easyfeedback. There are several issues related to electronic money in its existence in Indonesia concerning Blockchain and Bitcoin.

Bitcoin and Blockchain, these two new terms in Indonesia, that between the two terms are entirely different. Blockchain works as a container of transactions that are cheap, fast, and easy to use. Bitcoin is like a commodity that is a necessity and its price from time to time will significantly change and caused Indonesia’s economy decreased

In 2009, Satoshi Nakamoto, a young Japanese man, made a discovery that is electronic money, which is familiarly called Bitcoin. This electronic money uses a database that uses cryptographic networks as security. Bitcoin can access by having a Bitcoin address. The role of law enforcement in Indonesia will be challenging to track the existence of this illegal electronic money practice.

As the primary tool in the smooth running of the life of the state, it does not deny the fact that money has a significant role. Therefore the money in Indonesia is given a separate explanation in a document of the Law published in 2011.

Bank Indonesia states the existence of electronic money as a medium of exchange in Indonesia is because only the rupiah should be the single currency in the country Indonesia. Besides, Bank Indonesia as the highest authority in money traffic in Indonesia does not recognize the payment system services for electronic money processing. Law number 7 of this year 2011 translates the form of currency that is known and used in Indonesia is the rupiah; the currency of exchange must issue from the government.

What is a problem of the Easyfeedback Token?

Companies actively seek feedback because this is a strategic tool for achieving excellence, increasing sales, and reputation. In the process of gathering feedback, companies use more resources and channels: directly, by the forum, chat, telephone, web form, email. All chains used to collect input must function to be able to pay attention to customer suggestions and complaints questions. The problem is the lack of internal control when feedback occurs even though the company has invested the money. Second, the lack of human resources in the company to manage the existence of feedback, it is very detrimental to the company.

Easy Feedback has production areas in various places, one of which located in Ireland. In Ireland, 128bit SSL certificates comply with European regulations regarding the personal protection data and Electronic Commerce. Easy Feedback makes extensive use of email. For this purpose, it integrated with the Send grid tool, which allows it to send large-scale email safely and also to control it. It is also easy to have a redundant server other than Ireland, which is Amazon as a critical place. System information is copied to prevent potential disasters.

Feedback quickly collects large amounts of information from all feedback sent by company users. For this information to comply with European regulations on data protection, the feedback has implemented the technical and legal steps required for compliance.

Feedback from customers is not public. The feedback was sent personally to the company management team. If customer complaints do not receive adequate treatment, legal services from Easy Feedback offer the possibility to study the option of filing lawsuits or lawsuits outside the legal process. With the help of legal services from Easy feedback, it allows customers to get convenience so that their rights are guaranteed.

As a conclusion, Easy Feedback Token is a facilitator between companies and consumers, which impacts on obtaining bonuses to consumers who make constructive criticism for the company’s progress in the form of rewards. Using the Blockchain system that is related to Bitcoin, but both of them is different roles. So the Indonesian government is very concerned about this to the point of rejecting the existence of electronic currency or Bitcoin because it is contrary to the Law on money Indonesia.

Ann Thread: https://bitcointalk.org/index.php?topic=5155778

Website: https://www.easyfeedbacktoken.io/en

WhitePaper: https://www.easyfeedbacktoken.io/wp-content/uploads/2019/07/EFT_WhitePaper2.8Ingles.docx

Social Media:

https://twitter.com/easyfeedback

https://www.facebook.com/EasyFeedbackToken

https://t.me/EasyFeedbackToken

Tweets by easyfeedback

Posted by kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

By admin • Blockchain Technology 9 • Tags: Bank Indonesia, Blockchain, Easy Feedback Token, email, exchange, information, money, online, payment, Social Media

Jun 22 2019

Lets Join in MycroJobs Platform To Ease The Job with Blockchain Technology

Mycrojobs is the first platform that tries to build a global peer-to-peer network, by connecting people who need simple job support. The system built works with people who are looking for extra money in real time. This concept will be realized so that it is not just an idea. Technological development to reach everyone globally will help you get a real job.

Developers have recently launched an MVP that works on TestNet. Through the user-friendly Mycrojobs platform, users can offer or apply for any short-term job. That includes work from home, shipping, virtual, and skilled services. Mycrojobs is built using intelligent algorithms and known self-learning from dating platforms. This algorithm will make Mycro match work in real-time with the right contractor.

The accuracy of work with resources will help make it easier for people who need jobs to earn income. In addition, employers will also easily complete their needs. Mycrojobs will ensure that every job will be completed on time by being handled by a competent person. Job handling in accordance with the skills of job seekers will also make work easier to solve.

The application of a decentralized concept makes the ecosystem apply the use of Economic Tokens. Mycro token (MYO) will be fuel in the ecosystem so that liquidity needs to be maintained. The use of tokens will allow transactions that cannot be trusted through decentralized escrow payments. The concept can also reward users for creating a reputation for each other and advertising platforms.

Mycro plans to sell the next token to collect $ 14 million to offer 66,000,000 Mycro tokens. The funds raised will be used to develop the mobile application Mycro protocol. In addition, the Mycro application (iOS / Android) will be built to facilitate access. Mycro will also create a liquid-rich market for service supply and demand through a global market launch strategy. This will generate strong demand for liquidity tokens for the entire ecosystem.

Ann Thread: https://bitcointalk.org/index.php?topic=5008139.0/

Website: http://www.mycrojobs.io/

White Paper: https://www.mycrojobs.io/download/Mycro-Whitepaper-EN.pdf

What Are The Current Market Conditions?

Various kinds of human activities need to be completed in everyday life. That includes working and carrying out daily routine activities. You can’t stretch five minutes to an hour when you don’t have time to mow the lawn, take a walk, or shop for groceries. Today, our time is externally controlled by our work, social life, and many daily tasks.

A survey by the Gallup Organization of 2.5 million Americans found that 80% of respondents did not have enough time to do what they wanted every day. This situation is very severe and can even be described as a failure of collective culture to effectively manage our most valuable resource, namely time. Time poverty exists in all economic strata, and the influence is enormous.

Research shows that those who feel poor time experience lower levels of happiness and higher levels of anxiety, depression and stress. They experience less joy. They lack laughter, lack of exercise and lack of health. Their productivity at work decreases. They are more likely to divorce. There is an urgent need to outsource unwanted daily tasks in order to have more time for the most important things.

What Is The Real Problem?

Problems with the implementation of digital platforms lead to fewer users. That can happen when new users find it difficult with a complicated interface. Or lack of interest in users due to costs. There are various obstacles that become obstacles to its development. Further recognition of ecosystems is needed to obtain convenience in transactions. Some of the main problems in this field include.

The absence of platforms around the world

Everyone has a list of tasks with dozens of canceled tasks which are preferably outsourced or done by experienced people. But workers are hard to find and there is no global platform that brings together demand and supply for home, shipping, and skilled services under one roof, helping you to turn your work into completion with the help of others.

High cost

Some local platforms in the performance economy charge up to 30 percent commission. Budgets for simple tasks do not allow for high service costs, which kill supply and demand dramatically, limiting the number of tasks that can be outsourced. High operational costs for payment, completion, and the provision of expensive customer services hinder the maintenance of an efficiently developed platform.

Centralized killing dynamism

Ranking and user data has become one of the most valuable assets, not only for the platform. The dominant player on the market limits users from taking their own ranks to other platforms. They use their position as intermediaries to control data, ratings, and user reviews to keep them in their closed systems. Centralized players dictate proprietary ranking policies instead of freeing rules around rankings. Despite the efforts of the users to produce positive ratings, ownership is not given to users, and ratings cannot be made to other platforms.

Mycrojobs Provides The Best Solution For You

Ecosystem developers really understand the importance of solutions to solve various problems that occur. At present the use of technology continues to be maximized to facilitate every human activity. To get the best experience on digital platforms, Mycrojobs is developed above blockchain technology. Here are some of the main advantages of the Mycrojobs platform.

The First Global Decentralization Platform For Simple Jobs

Introducing Mycro. The first global decentralization platform for simple jobs with self-learning algorithms that allow matching jobs in your environment in real time. Mycro changes independent jobs, builds mobile devices, a large collection of workers and customers that they can reach, and the ability to utilize rich real-time information to make more efficient matches.

Low Cost

Mycro connects users directly through peer-to-peer networks and cuts operational costs by utilizing blockchain and its community. By eliminating intermediaries, high fees of up to 30% that are usually charged no longer have to be paid. Users only pay a fee of 0–5% for using Mycro.

Full Trust

Escrow payment: Remuneration will be sent directly to an escrow smart contract before work begins. The money will be held in trust by a smart contract escrow when the work is done (escrow). Job providers and employers do not have access to money. As soon as the job is finished, a smart contract will take care of the contractor’s remuneration. An intermediary or payment service provider is no longer needed for payment of one job.

User verification: In addition, users are through the Know-Your-Customer (KYC) process. User verification status is stored in a decentralized manner on the blockchain (the identification document itself will not be stored on the blockchain, if stored at all). Manipulation or fake accounts are ruled out in this case too, because of the link to the blockchain.

Rating That Is Democratized

Smart contracts monitor every work done. After the work is done successfully, smart contracts give employers and employers the option to assess each other. These ratings / reviews are linked in a decentralized manner to the relevant Ethereum user addresses and encrypted and stored in IPFS data for each user. In this way, further manipulations or false judgments do not apply. Each user has a 100% ownership rating.

Now you can find your job easily by utilizing a blockchain technology platform to get jobs according to specifications. Besides, the ecosystem also ensures job providers to provide payments right after the work is completed. Immediately participate in token sales events for transactions at Mycro Ecosystem.

Social Media:

https://twitter.com/Mycrojobs

https://www.facebook.com/mycro.jobs/

https://t.me/mycrojobs

https://medium.com/mycrojobs

Tweets by Mycrojobs

By admin • Blockchain Technology 640 • Tags: Economic Tokens, IPFS, Low Cost, market, money, payment, real time, service, smart, technology

May 22 2019

Harmony: a Breakthrough platform for a better future

The emergence of bitcoin in 2008 has brought various changes in the world of blockchain technology. After the rise of bitcoin, the concept of blockchain has spread across the globe. With the popularity of bitcoin from year to year, automatically many people also find out the idea of blockchain, which is the supporter of the cryptocurrency.

To be reminded, bitcoin appeared in 2009 where there was someone named Satoshi Nakamoto, and many people claimed he was the one who discovered the digital currency. Bitcoin is the first digital money that is implemented, and then, the other cryptocurrency appears.

The bitcoin blockchain is created as a peer-to-peer payment system that makes it easy for users to make transactions because the system is decentralized. In other words, when someone makes a purchase or payment using bitcoin, there is no intermediary to complete the transfer of value. Unlike current transactions, there are conventional banks that are intermediaries between senders and recipients who make operations run longer than using bitcoin.

It should be noted that cryptocurrency is one of the blockchain representations whose presence and the impact can be enjoyed directly by the wider community. It is not without reason why many people invest their money on cryptocurrency because the blockchain system offers advantages that are not found in other systems.

The advantage offered by the blockchain system is a distributed storage system. Blockchain can be said to have no loopholes for failure because data storage is scattered in devices whose networks are spread. Besides, the data storage network can replicate and store copies of the database so that security is also very tightly maintained. Unlike storage systems found in conventional banks whose data is stored only in one center, which is very vulnerable to attack so that when the order is hacked, the data will be more easily spread.

Another advantage is the cost savings when using the system. In transactions or payments made via the blockchain, there are no third parties involved in the transaction. Conversely, every transaction that is carried out only involves related parties. It is because every person or user has access to the same single data permission. Of course, this saves costs for almost all businesses because they don’t need to recruit intermediaries.

Blockchain is a system that has a lot of potential going forward so that it can still be explored to be better. One of them is when, in 2014, Vitalik Buterin developed a new blockchain infrastructure called Ethereum. Ethereum is almost similar to the blockchain that relies on peer to peer networks intending to make Ethereum a smart contracts platform.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Scalability as the problem

When ethereum was developed, it was found that no solution could solve the problem of the previous infrastructure. The problem in question is about scalability, where ethereum fails to support high-throughput applications such as decentralized exchanges.

With the obstacles that occur, improvements are, of course, continuously carried out to get a system that can improve the precise application. Many blockchain projects have sprung up offering solutions that are claimed to enhance the quality of operation such as replacing Proof-of-Stake (PoS) consensus Proof-of-Work (PoW) and several other projects that unfortunately cause significant performance. In fact, among the plans, the security and decentralization aspects were ignored.

Until the first public blockchain appeared and claimed to be able to overcome the problem of scalability by using sharding. The blockchain is called Zilliqa. But Zilliqa stumbled by two issues that made him fail to offer a solution. The first is that Zilliqa does not share storage on blockchain or sharding data. The second is that Zilliqa relies on Proof-of-Work, which can cause him to be sensitive to single-shard takeover attacks.

With all the projects that have been tried and the claims of each party that carried out the plan that they have found a perfect solution to the problem of scalability, in fact, nothing has been said to be successful or even close to solving the problem.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Blog: https://harmony.one/blog/blog.html

Harmony is the answer.

Scalability is certainly still a problem even when the blockchain was first created. Many parties are curious to provide solutions to the issues that can be said to be one point of the blockchain weakness. But it seems that the presence of this one blockchain answers anxiety about scalability. It claims to be the next generation blockchain based on sharding that has been tested to be safe, energy efficient and is undoubtedly fully scalable. The generation of this blockchain is named Harmony. Let’s find out more about Harmony.

Harmony comes as a response to the problems of the previous blockchain infrastructure. Harmony comes by combining the results of the best research that has been done before, and the system practices that are adjusted optimally. The notion of Harmony one itself is an open consensus platform which will be expected to become a driver of a decentralized economy in the future. Unlike the previous blockchain platform, Harmony offers a platform with low-latency, high throughput, and low cost.

As the name implies, which is Harmony, this platform is undoubtedly expected to be a platform that unites all needs and becomes a harmonizer for many people’s lives. This platform can be a consideration for people because Harmony does not only offer a blockchain whose scalability problems are solved but also becomes an infrastructure that can later be a place to build various types of applications that require high throughput and decentralization. Applications that can be made on Harmony one are games, decentralized applications, to the AI data market. All of that can be realized thanks to the presence of Harmony.

Harmony has stated that its platform not only resolves scalability issues but also the number of nodes participating in the network of decentralized nodes. Some of you might be curious about how Harmony handles the issue of scalability and what approach the platform does so that the problem can be resolved. So the answer is Harmony using a sharding-based consensus protocol that is adopted, which scales according to the number of nodes that are increasing in the network. That makes Harmony different from other blockchains. Harmony cares about the number of nodes participating in a decentralized blockchain network.

When talking about the technology used by Harmony, another reason why Harmony is the answer to people’s anxiety about the issue of scalability in the blockchain infrastructure is that Harmony believes that maximum optimization is needed that crosses several layers to complete scalability. That is why Harmony takes an approach by applying innovation in networks, systems, and consensus algorithms that are done ten times than what is usually done.

Harmony chooses sharding and pipelining designs because they can effectively handle connection latency and allow throughput to scale to the size of the harmony network. To get a broader range of devices participating in a more decentralized system, they also widened mission lean kernels explicitly made to run their protocols. The way it works is by increasing CPU performance and security.

With the explanation is given about Harmony starting from the issue of scalability to the technology developed and run by them, it seems very appropriate to choose Harmony as a blockchain platform that can support a decentralized economy. It is seen that Harmony is not only a project created only to solve the issue of scalability but also bring the blockchain to a more advanced era.

The breakthrough offered by Harmony

As a platform created to become the next generation of blockchain, Harmony certainly offers breakthroughs in several aspects that are expected to be maximized well to achieve a radically good economy. The following is a breakthrough made in several aspects:

a. Fully Scalable

Harmony’s first breakthrough is on the element of scalability. As we have already known, the issue that is being sought out is the scalability. What makes Harmony is a fully scalable blockchain is the fact that it shards the blockchain states, unlike the previous blockchain which claimed can handle the scalability issue.

b. Secure Sharding

The second breakthrough is safe sharding. One way to solve the issue of scalability is by sharding. Sharding is creating many groups of validators and making them conduct transactions simultaneously. It certainly requires a secure system to process transactions simultaneously, and Harmony has proven that the process of sharding in their platforms is safe due to distributed randomness generation or DRG processes. The function of this DRG is to make the sharding process unpredictable, unbiased, valid, and last but not least scalable.

c. Efficient and Fast Consensus

The third breakthrough that Harmony made is a practical and fast consensus. Harmony Consensus is dynamic because it uses Proof-Of-Stake or PoS, which provides the advantage of saving energy. Whereas the other blockchain uses PoW, which requires them to choose a validator.

d. Adaptive Threshold PoS

The next breakthrough is an adaptive threshold PoS. In this aspect, so that a node can join the network, a bet threshold is adjusted based on the total bet volume. This method is done so that the malicious stalker cannot concentrate on one shard.

e. Scalable Networking Infrastructure

The next breakthrough is scalable networking infrastructure. In this aspect, Harmony uses an Adaptive Information Spreading Algorithm whose function is to spread blocks quickly in fractions or across networks. As for achieving an algorithmic scale cross-shear transaction with a specific amount, Harmony uses the adopted Kamdelia route.

f. Consistent Cross-Shard Transaction

The last aspect of making a breakthrough is regular Cross-shard transaction. In this aspect, the factor that influences the consistency of cross-shard operation is the atomic locking mechanism used by Harmony.

Those are some of the breakthroughs made by Harmony in several aspects of the blockchain. The innovations presented by Harmony are undoubtedly able to provide applications that were previously not feasible on the blockchain to be something that can support a newly emerging decentralized economy. Increasing the trust of billions of people is one reason why Harmony made innovative breakthroughs.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Blog: https://harmony.one/blog/blog.html

Sharding and Consensus

Consensus protocols are a vital element of each blockchain because it plays a role in determining how safe and fast blockchain validators one is to be able to reach consensus on the next block. The commonly known consensus protocol is Proof-of-Work, which is used for cryptographic solutions. Whereas the other consensus protocol, Proof-of-Stake, was used by Harmony as the basis for the selection of the Harmony consensus Validator.

A little explanation about sharding, scalability is an issue of concern in the world of blockchain technology. Every new project that will be launched tries to solve the problem by claiming to have found the answer. But, when Zilliqa, which is the first sharding-based public blockchain, appeared and claimed to have found a solution, the solution offered was not proven to solve the issue of scalability. It should be noted that the issue of scalability is not only a concern for those who work in the blockchain industry but also those in the academic world. This issue has attracted a lot of attention since 2017.

Describing sharding as a solution to scalability problems, before claiming to have found a solution, Harmony has tried various approaches to assign nodes to fractions which of course have been proposed first. Portions referred to are random-based sharding, location-based sharding, and centrally controlled sharding. After going through the process of this approach, it was found that randomness-based sharding was the safest and most recognized solution.

To determine sharding tasks on each node, a mutually agreed random number is needed, and the number must have several properties. Among these are random numbers. Which means that no random number can predict before it is produced. Other features are unbiasable, which means that there should be no bias by any participant when the process generates a random number running. The third property is valid. The meaning can be verified is the observer can verify the validity of the random number generated. Last but not least, the previous property is scalable. Randomness generation algorithms must scale a large number of participants.